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Firewood Import Guarantee

المواصفات والإشتراطات

​​​​The idea of the program:
The Fund helps the borrower obtain a credit line from the Commercial Bank for the purpose of importing firewood through a documentary credit that can be re-funded, given that the guarantee period must not exceed 12 months.

Objectives of the program:
  1. Protecting natural resources through supporting imported products.
  2. Opening doors for small and medium establishments to expand in the activity.​
  3. Overcoming obstacles to obtain documentary credit and benefit from the services of banks in this field.

The requirements to obtain the funding:
  1. The commercial register, with the activity of “importing firewood” added to it.
  2. An (unpaid) invoice for the firewood desired to be imported.
  3. Filling-in the application to request the loan.
  4. A bank statement for a period of six months.
  5. The required license for practicing the activity
  6. For more information on credit facilities click here 

كيف أحصل على التمويل

  1. You can apply on the e-services platform through the link: Click here
  2. Providing guarantees.
  3. The application must be considered by the ADF.
  4. It must also be sent to the bank to be reviewed, and an initial approval by the Fund should be attached.
  5. If the bank also approved, the Fund is addressed through a letter of the final approval, explaining the amounts and conditions specified.
  6. Paying the application fees.
  7.  A special contract for guaranteeing importation of firewood must be signed between the borrower and the Fund.
  8. The bank shall be notified of the Fund’s final approval of providing the line of credit and re-funding to the borrower.

For more information, please visit the nearest branch or main headquarters of the ADF in Riyadh
Click here to see the address of the headquarters

You can contact us by:
Phone: 011 - 2118688
Fax: 011 - 4187516
Rating:
Last updated: 10/8/2018 2:01
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